StockNews.com Initiates Coverage on Tempur Sealy International (NYSE:TPX)

StockNews.com started coverage on shares of Tempur Sealy International (NYSE:TPX) in a report published on Monday morning. The brokerage issued a hold rating on the stock.

TPX has been the topic of several other reports. William Blair upgraded shares of Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 5th. Bank of America increased their target price on shares of Tempur Sealy International from $73.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Piper Sandler boosted their price target on shares of Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. UBS Group upped their price objective on shares of Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, Truist Financial lifted their target price on Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $72.43.

Tempur Sealy International Price Performance

The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. Tempur Sealy International has a 1-year low of $45.04 and a 1-year high of $69.55. The stock has a market cap of $11.94 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 2.18 and a beta of 1.64. The business’s fifty day moving average is $59.48 and its 200-day moving average is $54.63.

Hedge Funds Weigh In On Tempur Sealy International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Tempur Sealy International during the third quarter worth approximately $27,000. Private Trust Co. NA raised its stake in shares of Tempur Sealy International by 49.2% in the 4th quarter. Private Trust Co. NA now owns 552 shares of the company’s stock valued at $31,000 after purchasing an additional 182 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Tempur Sealy International by 92.7% during the fourth quarter. Jones Financial Companies Lllp now owns 607 shares of the company’s stock worth $34,000 after purchasing an additional 292 shares during the last quarter. Versant Capital Management Inc grew its stake in Tempur Sealy International by 365.2% in the fourth quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock worth $35,000 after purchasing an additional 482 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Tempur Sealy International by 72.0% in the fourth quarter. UMB Bank n.a. now owns 805 shares of the company’s stock valued at $46,000 after buying an additional 337 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

About Tempur Sealy International

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.